New York · Public charity
Economic Development Growth Enterprises Corporation
Strengthen local business, attract new industries and talent, and create vibrant communities to grow the mohawk valley economy.
- $189k
- Granted FY2024(still arriving)
- 3
- Grants FY2024
- 15
- Organizations funded FY2023
- 93%
- First-time grantees FY2023
- Median grant, FY2024
- $79,000
- Largest grant, FY2024
- $96,152
- Organizations funded a year
- 3 to 15
- FY2017 to FY2023
- Total assets, FY2024
- $50M
How open it is to new grantees
In FY2023, 93% of the organizations Economic Development Growth Enterprises Corporation funded were first-time grantees, receiving 98% of its grant dollars.
New vs renewed · share of each year
In FY2023, 2% of grant dollars renewed an existing relationship; $1.2M went to new ones.
RenewedFirst-time
Where new relationships form · theme of each grantee’s first grant
Community ImprovementOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 3 | $186k | 33% |
| FY2023 | 15 | $1.2M | 93% |
| FY2022 | 12 | $673k | 75% |
| FY2021 | 3 | $141k | 67% |
| FY2020 | 5 | $172k | 60% |
| FY2019 | 6 | $295k | 100% |
| FY2017 | 3 | $228k | n/a |
100% classified
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Community Improvement$1.6MEmployment$1.1MFood & Nutrition$79kEnvironment$30k
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Griffiss Local Development Corporation | $710,533 | 2 | 9% |
| Square One Coating Systems | $238,000 | 3 | n/a |
| Sr Sloan Inc | $208,000 | 2 | n/a |
| Mohawk Ltd | $150,000 | 1 | n/a |
| Riverhawk Company | $98,000 | 1 | n/a |
| Nortek Powder Coating LLC | $95,000 | 1 | n/a |
| Patla Enterprises Inc | $95,000 | 2 | n/a |
| Intino Enterprise LLC | $95,000 | 1 | n/a |
| Adirondack Sheet Metal | $95,000 | 1 | n/a |
| R-Tronics Inc | $85,000 | 1 | n/a |
Show all 37 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Griffiss Local Development Corporation | $710,533 | 2 | 9% |
| Square One Coating Systems | $238,000 | 3 | n/a |
| Sr Sloan Inc | $208,000 | 2 | n/a |
| Mohawk Ltd | $150,000 | 1 | n/a |
| Riverhawk Company | $98,000 | 1 | n/a |
| Nortek Powder Coating LLC | $95,000 | 1 | n/a |
| Patla Enterprises Inc | $95,000 | 2 | n/a |
| Intino Enterprise LLC | $95,000 | 1 | n/a |
| Adirondack Sheet Metal | $95,000 | 1 | n/a |
| R-Tronics Inc | $85,000 | 1 | n/a |
| Metal Logix Design and Fabrication Inc | $85,000 | 1 | n/a |
| New Venture Advisors LLC | $79,000 | 1 | n/a |
| Delta Hardwood Flooring | $66,650 | 1 | n/a |
| Rolling Star Manufacturing Inc | $65,000 | 2 | n/a |
| Tony's Pizzeria | $50,117 | 1 | n/a |
| Andro Computational Solutions LLC | $50,000 | 2 | n/a |
| Wilson's Nursery of Waterville Inc | $41,300 | 1 | n/a |
| Adirondack Barrel Cooperage LLC | $41,300 | 1 | n/a |
| Audioptix LLC | $41,300 | 2 | n/a |
| Charles T Sitrin Health Care Centerinc | $40,250 | 1 | 0% |
| Valley Signs and Designs Inc | $38,037 | 2 | n/a |
| Quality Dairy Farms Inc | $37,500 | 1 | n/a |
| Scott's Welding & Ag Repair | $35,000 | 1 | n/a |
| Metal Parts Manufacturing Inc | $35,000 | 1 | n/a |
| Willow Creek Angus | $35,000 | 1 | n/a |
| Rogue Tomato Farms LLC | $35,000 | 1 | n/a |
| Np Environmental LLC | $30,000 | 1 | n/a |
| The Balanced Chef LLC | $25,000 | 1 | n/a |
| Horn's Family Farm Store | $23,963 | 1 | n/a |
| Advanced Tool Inc | $22,500 | 1 | n/a |
| Kingfisher Farm LLC | $20,000 | 1 | n/a |
| Copper City Brewing Company | $16,070 | 1 | n/a |
| Erie Blvd W Returns LLC | $15,000 | 1 | n/a |
| Mohawk Valley Welding & Stainless Steel LLC | $15,000 | 1 | n/a |
| Paris Compression Molding LLC | $13,451 | 1 | n/a |
| Mujugo LLC | $10,000 | 1 | n/a |
| Collins Farm LLC | $9,997 | 1 | n/a |
Plus 1 recipient with no EIN on record ($25k), not named here.
Compare Economic Development Growth Enterprises Corporation with peer funders
About Economic Development Growth Enterprises Corporation
- How much does Economic Development Growth Enterprises Corporation give?
- Economic Development Growth Enterprises Corporation reported 3 grants totaling $188,865 in its FY2024 IRS filing. It funded between 3 and 15 organizations a year over FY2017 to FY2023.
- What does Economic Development Growth Enterprises Corporation fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Community Improvement (57%), Employment (39%), Food & Nutrition (3%).
- Who are Economic Development Growth Enterprises Corporation's largest grantees?
- By total granted over FY2017 to FY2024: Griffiss Local Development Corporation ($711k), Square One Coating Systems ($238k), Sr Sloan Inc ($208k).
- Does Economic Development Growth Enterprises Corporation fund new organizations?
- In FY2023, 93% of the organizations it funded were first-time grantees.
- Where is Economic Development Growth Enterprises Corporation based?
- Economic Development Growth Enterprises Corporation is based in NY.
Play a game based on Economic Development Growth Enterprises’ filings →
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